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Featured local agent — Magnolia, MS
Sarah Mitchell
Compass Real Estate · Magnolia, MS
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Magnolia, MS Housing Market
The typical home in Magnolia, MS is worth $115,445, rose 11.1% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $95,000, -31.4% year over year (through May 2026). With 2.0 months of supply and homes going under contract in about 158 days, Magnolia is a balanced market. At today's 7.03% 30-year fixed rate, 20% down on a $115,445 home is about $616/mo in principal and interest.
Key numbers for Magnolia, MS
Typical home value
$115,445
+11.1% in 12 months
Zillow, August 2026
Median sale price
$95,000
-31.4% year over year
Redfin, through March 2026
Days on market
158
Slow-moving
Redfin, through March 2026
Active listings
2
2.0 months of supply
Redfin, through March 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$37,447
Home costs 3.1x income
U.S. Census ACS, 2023
Sale-to-list ratio
90.5%
Selling below asking
Redfin, through March 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Magnolia a buyer's or seller's market?
Magnolia, MS is a balanced market, based on 2.0 months of supply and homes selling in about 158 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Magnolia housing market data show?
Every row below is Redfin's final published month for Magnolia, MS. Redfin, through March 2026
| Metric | Value |
|---|---|
| Median sale price | $95,000 |
| Year-over-year price change | -31.4% |
| Median price per sq ft | $93/sq ft |
| Median days on market | 158 days |
| Active inventory | 2 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 90.5% |
| Homes sold (that month) | 1 |
| Market condition | Balanced market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Magnolia is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Magnolia is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Magnolia home prices moved?
Over the last three years the median sale price in Magnolia, MS fell 49.6%, from $188,500 to $95,000. The live Zillow value series has rose 11.1% in the last 12 months, which is the more current read now that Redfin's series has stopped. For prices to fall meaningfully from here, supply would have to keep building past 2.0 months while the sale-to-list ratio slips below its current 90.5%. Watch those two together — they move before the median does.
Redfin, through March 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Magnolia?
Priced off the typical home value of $115,445 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $23,089 | $92,356 | $616/mo |
| 5% | $5,772 | $109,672 | $732/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $616, that implies roughly $26,413 a year before you add taxes and insurance. The median household in Magnolia earns $37,447, about $11,034 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 3.1x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Magnolia in the next 12 months?
Tell us your timeline. We send the Magnolia market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Magnolia?
Zillow does not publish a rent index (ZORI) for Magnolia, MS, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Magnolia?
Active listings in Magnolia, MS went from 8 in August 2024 to 2 in March 2026, a -75.0% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| October 2024 | 5 | 1 |
| February 2025 | 10 | 1 |
| March 2025 | 10 | 1 |
| April 2025 | 10 | 1 |
| June 2025 | 9 | 1 |
| July 2025 | 9 | 1 |
| August 2025 | 9 | 2 |
| September 2025 | 7 | not published |
| October 2025 | 7 | not published |
| January 2026 | 3 | not published |
| February 2026 | 4 | 1 |
| March 2026 | 2 | not published |
Redfin, through March 2026
How does Magnolia compare to Mississippi and the U.S.?
Magnolia homes sell for $95,000 — 67% below the Mississippi median of $284,300. Against the national median of $410,700, Magnolia runs 77% lower. Year-over-year, Magnolia moved -31.4% against Mississippi's +5.7% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Magnolia, MS | $95,000 | -31.4% | 158 days |
| Mississippi statewide | $284,300 | +5.7% | 47 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through March 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Magnolia
What buyers should watch
- Months of supply, currently 2.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The gap between 5% and 20% down here is $116 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $115,445 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Magnolia listing goes under contract in 158 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 90.5% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- Your equity moved +11.1% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Magnolia varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Magnolia
There are currently 2 homes listed for sale in Magnolia, Mississippi.
Active listings
2
Homes on market
Avg. days on market
158
Days until sale
How much do homes cost in Magnolia by property type?
How the Magnolia, MS market breaks down across single-family homes, condos and townhouses. Redfin, through March 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $95,000 | $93/sq ft | 1 | 158 days |
Who lives in Magnolia?
American Community Survey estimates for Magnolia. U.S. Census ACS, 2023
Population
3,264
Households
1,017
Median income
$37,447/yr
Median age
35.5 years
Owner-occupied
79.5%
Median home value
$60,000
Median gross rent
$890/mo
Mean commute
19.3 min
79.5% of occupied homes in Magnolia are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $60,000 against Zillow's $115,445 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which public schools serve Magnolia?
6 schools tracked · 1,333 students
The largest public schools serving Magnolia, MS by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
SOUTH PIKE SENIOR HIGH SCHOOL
Grades 9-12 · 451 students
EVA GORDON LOWER ELEMENTARY SCHOOL
Grades PK-3 · 352 students
EVA GORDON UPPER ELEMENTARY SCHOOL
Grades 4-6 · 275 students
SOUTH PIKE JR HIGH
Grades 7-8 · 255 students
SOUTH PIKE CAREER & TECHNICAL CENTE
Grades 7-12
SOUTH PIKE ALTERNATIVE SCHOOL
Grades 7-12
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Magnolia, MS?
Ordered by distance from Magnolia, not by size. Compare Magnolia side by side with any of them.
Magnolia housing market FAQ
Is Magnolia a buyer's or seller's market?
Magnolia, MS is currently a balanced market. That read comes from 2.0 months of supply, homes going under contract in about 158 days, and sellers getting 90.5% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Magnolia?
The typical home in Magnolia, MS is worth $115,445 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $95,000, about $93 per square foot.
Is Magnolia cheaper than the rest of Mississippi?
Magnolia's median sale price of $95,000 is 67% lower than the Mississippi statewide median of $284,300, and 77% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Magnolia?
Homes in Magnolia, MS spent a median of 158 days on market before going under contract, versus 47 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Magnolia?
At the current 30-year fixed rate of 7.03%, 20% down on a $115,445 home is about $616 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $26,413 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $37,447.
Are home prices rising in Magnolia?
The typical home value in Magnolia, MS rose 11.1% over the last 12 months, from $103,898 to $115,445 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Magnolia?
Magnolia ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Magnolia?
That depends on your timeline, not on a headline. What the data says today: Magnolia, MS is a balanced market with 2.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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